2 Bed Flat, Single Let, Salford, M5 3NB £130,000

Ordsall Lane, Salford, Greater Manchester, M5 3NB - 2 views - a year ago
Leasehold
BTL
ROI: 10%
~56 m²
Property image

ValuationUndervalued

Sold Prices£114K - £295K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

~55.50 m²
Price/m²£2.3K/m²

Value Estimate

£159,900
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£700 - £1,500

Rent Estimate

£949

Running Costs/mo

£616

Cashflow/mo

£333

Cashflow/yr

£3,995

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £114K to £295K, average is £180K. £2K/m² to £4.4K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£134K01/250.03 mi234 Quay 5, Apartment 8b, Ordsall Lane, Salford M5 3WJ2
£118K11/240.05 mi232 Quay 5, Apartment 10a, Ordsall Lane, Salford M5 3NB2
£132K02/250.12 mi238 Quay 5, Apartment 4d, Ordsall Lane, Salford M5 3NE2
£153K12/230.23 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.23 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£180K12/220.25 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£135K04/250.26 miApartment 32, Slater House, Woden Street, Salford M5 4UE2
£135K04/250.26 miApartment 32, Slater House, Woden Street, Salford M5 4UE2
£175K12/240.27 miSteele House, Apartment 14, Woden Street, Salford M5 4UU2
£178K03/230.29 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.29 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£200K05/250.3 miApartment 311, 7, Woden Street, Salford M5 4YE2
£230K04/250.3 miApartment 312, 7, Woden Street, Salford M5 4YE2
£200K05/250.3 miApartment 311, 7, Woden Street, Salford M5 4YE2
£230K04/250.3 miApartment 312, 7, Woden Street, Salford M5 4YE2
£125K11/240.31 miRosalind Court, Flat 149, Asgard Drive, Salford M5 4TG2
£235K04/250.31 miFlat 66, 66 Lake House, Ellesmere Street, Manchester M15 4QT2
£260K02/250.32 mi9, Apartment 1205, Woden Street, Salford M5 4YJ2
£178K11/240.33 miDelaney Building, Apartment 44, Derwent Street, Salford M5 4SR2
£188K05/250.33 miApartment 24, Delaney Building, Derwent Street, Salford M5 4SR2
£188K05/250.33 miApartment 24, Delaney Building, Derwent Street, Salford M5 4SR2
£136.1K01/230.33 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.33 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.33 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£180K06/250.33 miFlat 16, 62 Mere House, Ellesmere Street, Manchester M15 4QR2
£180K04/250.33 miFlat 46, 62 Mere House, Ellesmere Street, Manchester M15 4QR2
£180K06/250.33 miFlat 16, 62 Mere House, Ellesmere Street, Manchester M15 4QR2
£140K01/250.34 miCassandra Court, Flat 43, Asgard Drive, Salford M5 4TW2
£295K07/250.35 miFlat 213, 2, Hulme Hall Road, Manchester M15 4LY2
£260K06/250.35 miFlat 114, 2, Hulme Hall Road, Manchester M15 4LY2
£150K11/220.35 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£239K07/240.35 mi14, Markendale Place, Salford M5 3GW2
£173K11/210.36 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.36 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£120K12/240.36 miCassandra Court, Flat 29, Asgard Drive, Salford M5 4TW2
£220K05/250.38 miFlat 348, 3, Kelso Place, Manchester M15 4GS2
£237.5K06/250.38 miFlat 317, 3, Kelso Place, Manchester M15 4GS2
£209.1K07/250.38 miFlat 377, 3, Kelso Place, Manchester M15 4GS2
£237.5K06/250.38 miFlat 317, 3, Kelso Place, Manchester M15 4GS2
£185K04/250.38 miApartment 41, The Riley Building, Derwent Street, Salford M5 4TA2
£185K04/250.38 miApartment 41, The Riley Building, Derwent Street, Salford M5 4TA2
£170K07/250.39 miApartment 39, 2 Gilbert House, Elmira Way, Salford M5 3DE2
£127.5K07/230.39 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.39 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£180K06/250.4 miApartment 4, 3 Egerton House, Elmira Way, Salford M5 3DH2
£180K06/250.4 miApartment 4, 3 Egerton House, Elmira Way, Salford M5 3DH2
£218K05/250.4 miFlat 2104, 2, Kelso Place, Manchester M15 4GR2
£230K01/250.4 mi2, Flat 2124, Kelso Place, Manchester M15 4GR2
£227K02/250.4 mi2, Flat 237, Kelso Place, Manchester M15 4GQ2
£220K03/250.4 mi2, Flat 296, Kelso Place, Manchester M15 4GQ2

Local Rents

50 rents from £700/mo to £1.5K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£1,05010/250 miOrdsall Lane, Salford2
£99501/250.03 mi-2
£1,09505/240.03 mi232 Ordsall Lane, Salford, M52
£95008/250.03 miQuay 5, 234 Ordsall Lane, Salford, M52
£95005/240.03 miOrdsall Lane, Salford2
£1,20011/250.03 miOrdsall Lane, Salford2
£95008/250.03 miOrdsall Lane 2
£1,00007/250.03 miOrdsall Lane, Salford, M52
£1,10006/250.03 miOrdsall Lane, Manchester, M52
£1,10010/250.03 miOrdsall Lane, Salford, M52
£1,10011/250.03 miOrdsall Lane, Salford, M52
£1,14011/250.03 miOrdsall Lane, Manchester, M52
£1,10011/250.03 miQuay 5 :: Salford2
£70007/250.03 miOrdsall Lane, Salford2
£1,10005/240.03 miQuay 5 Ordsall Lane, Salford, Manchester2
£1,10010/250.03 miQuay 5 Ordsall Lane, Salford, Manchester2
£75008/250.03 mi29a Quay 5, Ordsall Lane, Salford, M52
£1,19505/240.04 miQuay 5, 232 Ordsall Lane, Salford, Greater Manchester, M52
£1,10007/250.04 miQuay 52
£1,05007/250.04 miOrdsall Lane, Salford, M52
£1,00010/250.04 miQuay 5, 232 Ordsall Lane, Salford, Greater Manchester, M52
£1,10010/250.04 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,00011/250.04 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,00010/250.04 miQuay 5, Salford, M52
£1,20008/250.04 miQuay 5, 234 Ordsall Lane, Salford2
£1,30001/250.04 mi-2
£1,10006/250.04 miQuay 5, 234 Ordsall Lane, Salford2
£95008/250.05 miOrdsall Lane, Salford2
£1,10010/250.05 miQuay 5, Ordsall Lane2
£1,05007/250.05 miQuay 5, Ordsall Lane, Salford M5 3NG2
£1,15006/240.05 mi-2
£1,15005/240.05 miQuay 5, Salford, M52
£1,19506/250.05 miOrdsall Lane, Salford2
£1,15008/250.05 miOrdsall Lane, Salford2
£1,10010/250.05 miOrdsall Lane, Salford2
£1,50010/250.05 mi-2
£1,17505/240.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,28105/240.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,25805/240.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,35005/240.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,37006/240.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,49805/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,37105/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,39106/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,22507/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,41207/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,31207/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,37007/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,27307/250.05 mi295 Ordsall Lane, Manchester, Greater Manchester, M52
£1,13710/250.05 miOrdsall Lane, Manchester, Greater Manchester, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Price changed to £130,000

April 5, 2025

Price changed to £140,000

February 28, 2025

Listed for £150,000

January 10, 2025

Floor Plans

Property image

Description

  • INVESTMENT OPPORTUNITY +
  • EWS1 in place +
  • Impressive Apartment +
  • 9.4% YIELD +
  • Two Double Bedrooms +
  • Well Presented Throughout +
  • Ground Floor Position +
  • Secure Allocated Parking +
  • Great Location +
  • No Chain +

*INVESTMENT OPPORTUNITY*
An IMPRESSIVE APARTMENT with TWO DOUBLE BEDROOMS, occupying a GROUND FLOOR position, located close to Salford Quays and Media City, offered for sale with NO CHAIN. 598 sq ft.
The apartment is CURRENTLY LET for representing a 10.1% YIELD.
The accommodation consists of an entrance hallway with storage, a bright and spacious open plan living and dining room incorporating a modern kitchen, two double bedrooms served by a bathroom. Externally there is secure allocated parking.

An impressive apartment occupying a ground floor position within this modern development which is located within walking distance of Salford Quays, Media City and the Metroink station. The apartment is offered for sale with no chain, and extends to 598 sq ft. The accommodation consists of an entrance hallway with a useful storage cupboard. There is access through to open plan living and dining area, which has ample space for a table and chairs. Incorporated in the kitchen, which is fitted with a comprehensive range of unit, with space for freestanding white goods. Leading from the hallway are two well proportioned double bedrooms, with both having space for wardrobes. The apartment is served by a modern bathroom which has a bath with shower, wash basin and W.C. Externally the development is accessed via remote operated double gates leading to the parking area with this apartment having one allocated space.

Agent Details

Philip James Manchester, Manchester

0161 524 6259

Next Steps?

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